PCJ Investment Counsel Ltd. FSM — FORTUNA MNG CORP

Ownership history in PCJ Investment Counsel Ltd.  ·  29 quarters on record

AI Ownership Summary

PCJ Investment Counsel Ltd. reported FORTUNA MNG CORP (FSM) in 29 quarterly 13F filings from 2024 Q2 through 2025 Q4. Peak portfolio weight reached 1.18% in 2025 Q4. The latest visible filing shows FSM at 1.18% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this FSM ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was PCJ Investment Counsel Ltd.'s position in FORTUNA MNG CORP, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q4

FSM was reported at 1.18% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
1.18% in 2025 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q2 to 2025 Q4

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

FSM stock page PCJ Investment Counsel Ltd. fund profile PCJ Investment Counsel Ltd. full holdings
How PCJ Investment Counsel Ltd. held FSM — position size vs. price
% of Fund (quarterly)    FSM price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 7 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q4 ADDED — — — 486,520 +94,790 +24.2% 1.18% $4.8M 2026-02-14 (Est.) $11.05
2025 Q3 ADDED — — — 391,730 +23,620 +6.4% 0.98% $3.5M 2025-11-13 $8.40
2025 Q2 REDUCED 14.5% +32.7% ❌ 368,110 -62,590 -14.5% 0.83% $2.4M 2025-08-07 $6.22
2025 Q1 ADDED — — — 430,700 +14,240 +3.4% 1.02% $2.6M 2025-05-12 $5.55
2024 Q4 ADDED — — — 416,460 +177,220 +74.1% 0.60% $1.8M 2025-02-07 $5.16
2024 Q3 REDUCED — — — 239,240 -1,690 -0.7% 0.35% $1.1M 2024-11-08 $4.78
2024 Q2 REDUCED 50.5% -5.3% ✅ 240,930 -245,590 -50.5% 0.49% $1.2M 2024-08-08 $4.14
22 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding FSM

As of 2026 Q1 — sorted by position size

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. 2.23% Sicart Associates LLC 3Y 7Y 1.65% ABBINGTON INVESTMENT GROUP 0.74% CHANNING GLOBAL ADVISORS, LLC 3Y 0.72% KLEIN PAVLIS & PEASLEY FINANCIAL, INC. 0.64% U S GLOBAL INVESTORS INC 3Y 7Y 0.44% Hillsdale Investment Management Inc. 3Y 7Y 0.35% Auxano Advisors, LLC 3Y 0.21% Realta Investment Advisors 3Y 0.19% PKO Investment Management Joint-Stock Co 0.13%

FAQ About PCJ Investment Counsel Ltd. and FSM

These are the practical questions this page is built to answer before you even open the full history table.

How long has PCJ Investment Counsel Ltd. reported owning FSM?

PCJ Investment Counsel Ltd. reported FSM across 7 quarterly 13F filings, from 2024 Q2 through 2025 Q4.

What was the largest reported FSM position in PCJ Investment Counsel Ltd.'s portfolio?

The largest reported portfolio weight for FSM was 1.18% in 2025 Q4.

What is the latest reported FSM position on this page?

The most recent filing on this page is 2025 Q4, when PCJ Investment Counsel Ltd. reported 486,520 shares, equal to 1.18% of portfolio, with an estimated market value of $4.8M.

What does the chart on this FSM ownership page compare?

The chart compares PCJ Investment Counsel Ltd.'s quarterly FSM portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did PCJ Investment Counsel Ltd. time their FSM position?

Based on 13F filing dates vs. subsequent FSM price moves, PCJ Investment Counsel Ltd. correctly timed 3 out of 7 reported position changes (43%). The annualised alpha on FSM relative to SPY over the holding period was +9.0%.

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